Wednesday, March 10, 2010
 
What It Measures Minimize

This indicator measures the percentage of single-family residences that are occupied by the owner (rather than rented to someone other than the owner). It excludes apartments altogether. For the city as a whole, the owner occupancy rate was 76% in 2006.


Why it's Important Minimize

Besides serving as a staple of the “American Dream,” home ownership provides a number of economic benefits to families and the neighborhoods in which they live. Homeowners have access to collateral to secure loans for education and new businesses, and tend to take a more active role in their communities.


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